Why not get an MBA?

Why not get an MBA?

NAINA Lal Kidwai, vice-chairman and managing director of HSBC Securities and Capital Markets India Pvt Ltd and Deputy CEO of HSBC Bank in India, was named one of the 50 most powerful women in the world by ‘Fortune’ magazine in 2003. The only other Indian woman who figures in this elite list is Lalita Gupte, Joint Managing Director and Chief Operating Officer, ICICI Ltd. Both these women represent an emerging breed of top women managers in India. And one of the many things that characterises them is their educational background. Both are MBAs. While Kidwai holds the distinction of being the first Indian woman to graduate from Harvard Business School in 1982, Gupte is an alumnus of the Jamnalal Bajaj Institute of Management Studies. But Kidwai and Gupte are just needles in a haystack, because in India, like in the rest of the world, business schools remain largely a male bastion, with the enrolment ratios being heavily skewed against women. However, according to a report in ‘The Economist’, business schools themselves can hardly be blamed for this imbalance. Most schools are actively trying to lure more women through recruitment drives and by offering scholarships. Yet, the reason for the poor ratio of women in business schools is an old problem: The idea that business does not appeal to women as much as to men.
 
Why You Should Get an MBA
Still, research says that women make better managers than men because they are apparently more sensitive to employees and better at keeping others informed, coaching subordinates, multi-tasking and getting results. According to a study conducted by the Hagberg Consulting Group, a US-based management consulting firm, women managers were rated higher than their male counterparts on 37 of 47 critical management qualities such as leadership, social skills, problem-solving and decision-making. With so much going for them, it’s time women began to take business studies more seriously and then, like Kidwai and Gupte have done, tell the world that they mean business.

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